Evening Star Newspaper, March 27, 1923, Page 27

FNSANCIAL.HL _ THE EVENING STAR, WASHINGTON, D. C. TUESDAY MARCH okt o FINANCIAL. 1 ‘BAIL TRAFFIC HEAVY. - '..Z'.&m’:,‘.“.“%:.’m,ss:p Wil b cxpend: | EIANAAAAAAANAAE - s 8 NEW YORK, March 27. —Most Feb-|ed this year for new equipment and f tems in_the.Un! |lrd Btates. TIES UP SEED POTATOES iz 2 et ™ Momey to Loan T it Mortgage, Notes th f th @ T T T g oarhory | Securad by drst does: ot trase oo ronl wetate. Secured on Imgroved D, C. Real Estate Prevalling {ntsrest and com "“'"‘ A d b, X | Pacific may be cited with an increass ppraised by Expcrts of 35 Years’ Experience Withouta I i o ; *| Jose; hI W Hex 30 W 1 & Tram & P ce Without a Loss Farmers in. Northwest Threatened of nearly $2.000.008 in gross and §35T. J P eler jiag., o & 7 aw Offered in Denominations of $250 and Up With Heavy Losses, Due to with an fncrease of about $2.000,000 A G°°d Investment. - in gross and $69,000 in net. The Ral : timore and Ohio Chicago Terminal QU T A Transportation. railroad reported gross of $262000, an E l B L E D QD\I@D]QD‘I' mlw{leps e o ncrease of about $53,000, and an B 5 . operating deficit of $23.000. as com- 1 i WII_‘L PUR HASE Special Dispateh to The Star. an|P8red with a deficit of $30,000 in Feb- coOpem!lYet.Blnld ng 0 C ST. PAUL. Minn., March 27.— An|ruary last year, Association nvestments : £ ; acute freight car shortage, Which is L i il here your runds FQ" Ivues:tol- ) First and Second Trust Notes Erowing more serious dally, threat- 43¢ YEAR GCOMPLETED By Sea | W-teholue Receipts, and Make Construction Loans ens to cause heavy losses to the il ‘SASSTAERES Thvest farmers of the northwest, who are 2 < our funds in * N R R ey op e cosorrio | IR sseet vour Tunds - , v ational Mortgage & Investment Corporation 0 crops Apr A S04 of e y o . . 3 & D i state v»* e asked the Inter- UNION CENTRAL A 1 o Y A . State “Comn hmission | that /Il Systematic Saving First Mortgage Notes ® (0 . - ‘811 Vermont Avenue N.W. emergency ac ) taken to make e s The man with a bank account and dismiss from your e sufficient T v cars available, 'l“‘":" 'jjnfl;' ""m ‘-; i is always popular. Increase mind the thought of < i — but the supply is still short i ' your popularity by saving sys- any losses More agricultural implements are temdtically and consistently. We have on hand DA e moving ir s market than a year |l copital stock... 2,500, & limited number -of iy B #go and there has been particular || {abital Mock-o. 21300,000.00 Sabseriptions for the notes in amounts of El;lti\'fl_\' d!n (h;fl market 1(1\( »|rlnrl:\n. 3 | ¥ b ac ey s less; | } Shee andmactinee, YR tutog I cuun s ome 84th lssme of Stock $250 Up to $5,000 i , - YOUR otenrd rer“xlxyl‘u(.fnr mm?xlr(:l ?lau‘x: 1 Being Recelved Beari 2 , . - 4 oL mond = earing . . fippontis; s Mt ; 010 Shares, $2.50 Per Month 3 i : & G e corceica i ™ ||| EQUITABLE BUILDING ; y | | 915 F St. N.W. . JOHN JOY E.DSON, President Chas- Do Sager Th“ | " ‘Whether you' have: $100, $500, $1,000 or Booklet ‘more.to invest, invedtigate our First Mortgage holders’ oblig 64 FRANK P. REESIDE, Secy. 924 14th ok adst 2 — Loan Dept. M. 36 will Loans on Washington Homes before placing your funds. Help You ~ NEVER A LOSS Place =Yg aEe THE MAN who invests $250 or more in our i YOI"' Our conservative business methods have so Money perfeetly protected and safeguarded the funds | S&fely of our investors that not a single rclient has ! ; ever lost a dollar ‘of principal ‘or interest on any investment purchased through us, Solh e A . = ON FIRST MORTGAGES ; " FIRST MORTGAGES oating poities o o s AT CURRENT RATES OF —realizes that his principal is safe and Quarter the income sure, usually becomes a reg- i 5 Y Om Send for Selected List 2 i 7,710,014.00 of e 1 i 5 to! d sta: th us. Start ’ 1.020,126.58 S e e s R We will be pleased to send you fall - { 20, 19 B 068,704 82 Century this thrift habit “’d"f ; | information concerning our first mortgages If you have money to GROBGR L. WINLINME, IWithout ’ f and our methods of handling them. Vice Presidest. mvu!, we can safely |, Becretary Subacribed and sworn to before me this lace it on gilt-edge first | 20t 4y ot February: 1021 a Loss 5 . . Bc Martsagen:” Gur || ™ R, ‘ S | 6%% and 7% Interest z::"h'::zne:nl:m i Edward S' Brashears . B c!'llll,'ite ;::l:r Conyenient Deneminations Percy H. Russell Co. | Cenut Ayus = z v ———— B. F. SAUL CO. First Martgage Investments 1409 New York Ave. Main 4600 ; ) 710 14th St. N.W. ) it : r,—s.‘,v‘ c°'_- S K = = | Main 2100. % 1412 Eye St NW. ‘ Y WILLIAM S- PHlLLlP S Save and Invest These notes are backed by approved and improved Washington Real Es- Washington Real Estate in value in direct relation to wth of vour United States. ey e i st he - S - \ Unconditionally Guaranteed by the J SAFE INVESTMENTS I H Imperial Japanese Government WITH 4 it Unsurpassed for Safety ! As to Principal and Interest by Endorsement on Each Bond WIDE MARGIN OF SECURITY It | > Before you invest read our new booklet describing Paying 6 and 614% | current ofi'zflng- of Sefeguarded First Mmtgqu : $19,900,000 (PAYABLE SEMI-ANNUALLY) i) which are unsurpaseed for Safety. i Th . e o . - s feried W * riental Developm mpany, Limited Shannon & Luchs First Trust Notes e ke iy . 0 - op ent CO Y We ask your consideration of our investments on |l External Loan Thirty-Year 6% Gold Debenture Bonds Built on a Straight Line of Return i their record of no loss to any investor in 50 years. NON-CALLABLE Not a Fluctuating Value . They bear 614% interest and relieve the investor of the D. C. intangible tax and 29 Federal Income Tax. | Japan’s THE ISSUE Sold in Denominations of $100, 3500, $1,000 | Call, write or telephone Main 6464 L Credit Dated March 15, 1923 : Due March 15’41953 FULL INFORMATTON i today for your copy of this mew booklet Priac '35':'.':.""" o 'I:'u iited J‘:-‘&- gy o ;:fl'?‘fi's:{‘:limv"mfii ] thhG cg:lit of Jll’:fli prtud Terk ‘ot 12 Borgn, 1a pane iore i ose ernment e 3 J o TR W AN T i : I guarantee the principal || (e ipeh i KRES fuiih S d e SHANNON - & LUCHS | The FH.SMITH CO. ||| i interes oF Thase | ST AR GRS Mo A Totiim 5 T ‘___,———\__' I A = * s i Bonds, has ranked high The Bonds of this Lean are part of an autherised lssus of Oriental Since 1906 i Tounded 1873 i in the security marketsof Development Debentures, all of which Debenturse are secured by a . I s floating first liem or charge on the assets of the Company. = - i £ i he world for many years. oot s MORTGAGE DEPARTMENT it FIRST MORTGAGE INVESTMENTS i ;,x National Government The Com { pany agrees to pay to the Fiscal Agent, in equal semi- 713 14th St. N.W. i AHSIAISEVE EXRERL, B - | loans totalling $627,584,- annoal instalments, §500,000 per annum during the first five 1 000 issued in London years, and $300,000 per annum during the remaining term of since 1899 were offenfl the Loan. Such monies will be applied to purchase Bonds in the on an average yield basis open market, if obtainable, at not exceeding 100% and interest. f — — == e — — . of 4.85%. The three Jap- Any monies not so applied during the six months period ln { = = i anese Government loans following the date of payment, unexpended monies will be .BGF“GYN veste | - listed in New York were credited toward the payment of the next succeeding instalment. lNVES'l’lGA'l’E ' e originally - offered on an average basis of 5.12%. The following is summarized from a leiter of Hom. Eizo Ishizuka, president of the Oriental Development Company, Limited, copy of The total per capita debt which will be sent on request: e o A real investment is one : of Japan, Novetbor 30, %fé,{f:ficf\s’ dxrrlg:"d Saed FO rtY‘ One Years ’ 1922, pwa; -bout $37, a The operations of The Oriental Development Company, Limited, are : ’ ‘ : . low figure in comparison under the control of the Japanese Government, which appoints the DISTRICT GUARANTY 1 . with that of other lead- president and other important officials. The Government subscribed - CORBORATION ‘&7 th I/O ing nations. for and still owns 60,000 shares, $1,500,000 par value, of the 200,000 ° H —has never missed sending a 1 Out SS shares originally issued. quarterly dividend check to i The Company was organized in 1908 for the purpose, principally, of bl :;?::;PQDI?,C‘:R::,‘:: l,l‘: i feveloplir;g“ttheffilsoEes of tche Provi;ryc? of Chosexih( Kl:r?is)d ntov; atn p 3 | : i ntegral of the Empire of Japan, by improving the land, distribut- Birplisicachiganies | Write f ar, .the Booklet that Com ny"- ing immigrants, furnishing agricultural supplies<to farmers, making The dividend rate is / tells how this record was made : pal 4 loans to farmers, industrial enterprises and municipalities, and in- ‘S'?:epe;'z: llrs %;;0“““; [ 3 - ! Credit vesting in banking and agricultural corporations. The organizers df unit.” . i | the Company included some of the most prominent bankers and busl- R WEEK ONIY .y TH]:, record of S. W. Straus & Co.—Forty-one Years i\ Net earnings of The ness men of Japan. : s : Oriental Development The French Loan of the Company of Fes. 50,000,000, more than one- ithout Lt:s to Any Invuto‘r is one of the most in- | Company, Limited, dfor third of which has been amortized, was originally offered in 1913 in teresting and significant facts in recent financial history. } g: rd:"‘:“ ”:;'22 °“w‘°‘l": ‘gans on a 5.22% basis and was quoted February 22, 1923, on 2 5.21% usands of investors ha ‘ ; mes in- s Tho ve been curious to know how this more than 1.93 times in- The .proceeds of the present issue will be used to redeem about r:?"hble record was made, and how it could be possible to terest charges - for the $7,500,000 maturing’ Debentures, to pay approximately $5,000,000 egui ard hundreds of millions of dollars, over a period of 41 ] R i.;f;nll"b:::;fi;fi: bank loans, and the balance for economically productive purposes. iyears, o that not a single dollar was lost. H able, but hiv. beéh an Cash dividends have been regularly paid since the organization of 1f You Belicve in the United St I t _the Company in 1908. The present rate is 10% on the $17,500,000 Fou Baie e he Ukt Bisss The reasons for this record, and the safeguards of the STRAUS § : d“:m“mtm?:?:h;““::'; paid-in capital stock. PLAN, are set forth in our booklet, “41 Years Without Loss to tories included = within The Charter of the Company provides that owners s of Oriental ; In » It will ¢ s the field of the Com- . Development Debentures shall be paid out of its assets in preference 7 % ; |Any Investor.’ be sent free on application. Write for pany’s activities: to other creditors. s g Application will be made to list theu Debmture Bonds onthe New York Stock Exchange > | ; : Price 92 and lnterest, to ylelcl ‘about 6.62% FIrSt Mortgage ; i BmKLET 875.G 1 ~ We offer thess En‘a if, as ond when iasned ond réoeived by wa, subject !u appraval of our counasl, Meesrs, Bheatman & Sterling, New York, ul Measrs. Mclver, xumu-, smm & ruuub-ovd, Takvv . Delivery én temporary form ia emcfd on or about April 5, 1923. Notes il S.W STRAUS & CO |1 (R \ The Natlonal City Company Now On Hand srammap 1882 . OFcs I YonTY CTms - k| Main Ofice: National City Bank Building, New York NATIONAL METROPOLITAN BANK BUn-DING i e 7 e 5o 8 wm.ggb_ul 15th Street Nw WASHINGTON, D. G 3 <*Telephone—Maln 3176 Telcphone Main 5847 _{ulaibmaitie. | ; 3 5 % olkufl more than 50 cities in the United Seain and Canada s 41 YEARS WITHOUT LOSS TO ANY INVESTOR . T e e s K”gmfl“aficm'1:':’-'.‘..:".'«'T{.‘";.;:’:..':"’&“’.'.e‘."u.fi’-”'«:'-‘.'.:é"‘r:'.'io:v‘.‘f.?".;. cl mu" bave beea SIIH‘IAI at 5.18 francs te the I 8. deollar, pod lul‘h-[ at “JC-) ©1923—S. W. 5. 4Ca.